Q. I recently completed my self assessment tax return, with the assistance of my accountant. During our meeting, he advised me that I need to seek advice regarding my retirement planning, as the rules regarding the taxation of pensions are set to change. Unfortunately, he stated that he is not an expert on pensions and suggested… Read more »
Q. I caught the end of a radio segment recently that seemed to be stating that the rise in the state pension age was being brought forward. Is the correct and, if so, can you elaborate please? A. Certainly. It has been known for some time that the state pension age will rise to 66 in 2020… Read more »
Q. I have established a number of trusts so that, in the event of my death in service, my life assurance and pension savings are paid into those trusts for the benefit of my children and grandchildren (so as to enable those beneficiaries to avoid a significant inheritance tax liability in respect of those benefits). However,… Read more »
Q. I am the owner/manager of a small local business. Despite what we see in the national press, trading conditions remain extremely difficult for many people in my position. Was there any good news for small business owners in the recent autumn statement? A. Yes. Although there were no dramatic gestures (which would have been a surprise… Read more »
Q. My husband and I bought our home in 1990 and, as such, have a considerable amount of equity in the property. Our home is currently for sale, as we are planning to down-size. However, a friend has told me that the Chancellor used his autumn statement last week to introduce Capital Gains Tax on… Read more »
